The AUD/USD pair rose higher during the course of the session on Monday, testing the bottom of the uptrend line that had recently been so supportive. Ultimately, we want to see an exhaustive candle so we can...
AUDUSD stayed in a trading range between 0.6826 and 0.7439 for several months. Key resistance is at 0.7439, as long as this level holds, the price action in the range could be treated as consolidation of the...
The AUD/USD pair initially fell on Friday, but turned back around to form a somewhat positive candle. However, there is quite a bit of resistance above and as a result we are not willing to start buying...
The AUD/USD pair went back and forth during the course of the day on Thursday, as we continue to bang around just below the 0.72 handle. Because of this, the market should eventually have to make a...
The AUD/USD pair broke higher during the course of the session on Wednesday, but still remains below the 0.72 level, an area that we see as the “ceiling” in this market. Ultimately, if we can get a...
The AUD/USD pair initially tried to rally but turned back around to fall significantly during the day. The market has a larger consolidation area that extends all the way down to the 0.70 level, and we believe...
The AUD/USD pair initially tried to rally during the day on Monday, but turned back around to show a bit of a shooting star. With this, we believe that the Australian dollar will continue to bounce around...
AUDUSD continued its sideways movement in a range between 0.6826 and 0.7439. As long as 0.7439 resistance holds, the sideways movement could be treated as consolidation of the long term downtrend from 0.9504 (Jul 1, 2014 high),...
The AUD/USD pair went back and forth during the course of the session on Friday, as we hug the 0.71 handle. Ultimately, we think that this market is going to continue to bounce around between the 0.70...
The Australian dollar dropped to the 0.70 level against the US dollar during the day on Thursday, but found enough support there to turn things around and form a hammer. However, we are in a very choppy...
